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<br /> This DEED OF i'RUST is made this 6th day of D�eember, 1994, by and among l��N]AE�. R. _
<br /> ° �i�9,ItpER�nd QEIAn[� Hf�RD�R, Izusband�nd wife, hereinafter referred to as "Trusto�-s," whether on� , : „ :-
<br /> or more, whose mailing address is 6687 North Highway �Zr eferredNo s�g Trustee,�' wHose ma ng a,dd ess . �
<br /> ����a��, ? Nebroskn Bunkin�Corporntion,hereinaRe I �:
<br /> �� is B�x 428, Caira, IVebraska 68824; and THE StA`T� Y�AN� �� ����, � �et�ra�lsa ������5 .` ' ,�F_--
<br /> Corporation, hereinafter referred ta as "Beneiieiary," whose mailing address is Bo: 42�, Cairo, Nebraska , �
<br /> 68824. - `-
<br /> For valuable consideration, Trustors irrevocably grant, transfer, convey and assi�n to Trustee, in trust, _
<br /> with power af sale,for the benefit and security of Beneficiary, under and subject to the terms and conditions of __
<br /> � this Deed of Trust,the following describeci re�l property located in H�LL Cou�ry, Ncbraska: ;... ,°'
<br /> . .,.w,: -�-�;,��:,:,..�
<br /> ,.=>�:�;;:.�.,,_.� ,�_
<br /> 1/2) of the Northeast Quarter (NE 1/4) of Section Thirteen (13), .�-+�r...,.,��:'::='-"
<br /> The North One-I�alf (N e Twelve (12), West of the 6th P.M., in Hall County, � ���•' `��;`w .��'%
<br /> Township Twelve (12) North, Ran� ..:v�-��--
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<br /> Nebraska, �='---- -- --
<br /> rivite es and �'•"�T�---
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<br /> together witn all buildings, improvements, fixtures, streets, alleys, pa�sageways,easements,rights, p S � ,. -��_
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<br /> appurtenances located thereon,and all personal property that may be or hereaf?Er become an inte�ral part of such _ .,�,�:,�._��
<br /> all of which, including replacements �
<br /> buildinss and improvements, all crops raised thereon, and all water rights, >� Y,�:�•r--��=�
<br /> and additions thereto, are hereby declared to be a paR of the real estate canveyed in trust hereby,it being a�reed � __-_.���____
<br /> ` -r:�"�'-=
<br /> thAt all of the foregoing shall be hereinafter referred to as the"Property." � s��.;•_ _
<br /> ;. :-
<br /> T .�Fi- _
<br /> FOR T�-IE PURP�SE OF S�CURIIVG: ��.��=
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<br /> - -"= -. � A. Fay+iiG��t �;�r=�'�biadnPss P`"-�!pnced by Trustors' note of even date herewith in the principal sum of Y'';;;,;�t� , "
<br /> � her with interest at the rate or rates provided therein, and any and ail renewais, mouiiicari�:,s ''-�.�'`{
<br /> - $44,000.00, to�et �
<br /> and extensions of such note, both principal and interest on the note being payable in accordance with the terms '�#
<br /> _ ,: �,;.
<br /> set forth therein, which by this reference is hereby made a part hereof; . . 4
<br /> b. The performance of each a�;reement and covenant of Trustors herein contained;and :� .�,�'
<br /> c. The payment of all sums advanced by Beneficiary under the terms of this Deed of Trust, to�ether with :,�;
<br /> interest thereon at the rate provided in the note. '^ � ;�
<br /> d. The above amoun:is secured even though all or part of it may not yet be advance. Future advances under ,;
<br /> the agreement are cantemplated and will be secured to the same extent as if made on the date this deed of trust is � F=.�
<br /> executed. ����,N.p;.�" ,��
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<br /> .�,°,�:: ' ,�_
<br /> TO PROTECT THE S�CURITY OF THIS DEED OF TRYJST,TRUSTORS HEREBY COVENANT AND AGREE: �� �
<br /> 1. To pay ��•hen duc.the principal of, and the interest on. the indebtedness e�ndenced by the note,chuges,fees and all other ; � `�
<br /> ' sums as provided in the loan i�zstruments. � ,�
<br /> 2. Trustors xre thc owncrs of thc property and t�avc the nght and authanty tu executc this Dced of Trust in respoct to tha �,
<br /> prop�:rty �<
<br /> 3. To p�y. �►'hen dne, all taxes. special assessments and all uther charges against the propercy. before the same become ,�
<br /> dclinqucnt. Trustors shall pay all taxcs and asscssmcnts�vhich may be levied upon Beneficiary's interest hcrcin or upon this Decd of 1 ��
<br /> Trust or the debt sccu�ed hcreby.�ti�ithout regard to.tn>' la«�that may be cnacted�mposmg paymcnt of thc��•hole or any part thereof ;
<br /> upon the Beneficiary. �
<br /> 4. To keep the impro�•ements no�v or hereaitcr locatcd on the propern•insun;d against damagc b}�fice and suci►other hazards as I
<br /> the Beneficiary may require.in aenounts and companies accept�ble to tlie Benefician•.Such insurance policy�shall contain a standard
<br /> ' mottgage clause in favor of Beneficiarv. Ttustor shall promptl}•repair. maintain and repluce the propr,rty or any paR thereof.so
<br /> that.exccpt for ordinary�ti•car and tcar,thc propcm•shall not detcrioratc. ;
<br /> 5. In the event�he propem•, or :�np pan thercof.shall be taken by eminent domain,tlie Beneficiar}•is entitled to collect and
<br /> receive atl compens�tion�vhich may be paid for any propem�t�lcen or for damages to propert}•c�ot taken,and the Beneficiary shall
<br /> apply such compensatian.at its option,either to a reduction of the indeb!edness secored hereb}•.or to repair and restore the propert}•
<br /> so tatccn.
<br /> • 6. The Beneficiary ntay. but shalt have i►o obligation to. do an}• act�vhich Tn►stors ha��e agreed but failed to do. and the
<br /> Heneficiary rnay also do any act it deems necessar}• to protect the lien hereof. Tcustors agree to repay. upon demand. :u►y sums sa
<br /> cxpended b}•thc Bcneficiary for thc abTv�c pu�rpos`s�Nd�ni'su�I c�P�'d������b�ausa oftanythi�t�inmay do o�r omu t ado
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<br /> hcrcundcr.
<br /> 7. Tlie Beneficiary shall h�ve the ri6ht, po«�er aitd authoiin�during the continuance of this Deed of Tiust to collect t ie rents.
<br /> issucs and protits of thc prupcm� and of any personal propert>• locatcd thcrcon with or���ithout taking posscssion of thc propert}•
<br /> ;�ffectcd liereby. and Trustors hcrcb���bsolutcl}•and unconditionall}• assign all such rents,issucs and profits to the bcnefician•. The
<br /> bcncfician•. ho«•c��cr, hcrcby consents to Tnistors' collccuon and retcnuon of such rcnts.issucs and profits,so long as Trustors arc
<br /> not, at such time,m default��•�th respect eo payment of an}• mdebtedness secured hereb��. or iu the perforrnance ol':ltl\' :t�iCCtllClll
<br /> , , hcrcundcr. if any c�•cnt oC def:iult dcscnbcd hcrcaftcr►n respcct to th�s Dccd oC Tnist sh�ll ha��c orcurrcd and bc contsnwng.thc
<br /> t�lenttUSt�st.tc�omthc n t rc tttofilc Tru�stors thc c�n. slall ta�•c�thc nghtl o'apphato a►nscoun�ha�ingt�urisdut on�tolappomt a
<br /> ' rcccn�cr of thc prapert}�
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